May 9, 2022
Willkie advised Insight Partners as a lead investor in the consortium’s $690 million investment in Coda Payments.
Coda Payments, the world's leading independent platform for digital content monetization, recently announced that Willkie client Insight Partners, Smash Capital and Singapore’s sovereign wealth fund GIC together acquired a minority stake in the company for $690 million.
The consortium’s investment, announced April 14, is expected to fund Coda Payments’ international expansion. Apis Partners LLP and Coda Payments’ other existing shareholders retain equity positions in the company moving forward.
Based in Singapore, Coda Payments operates Codashop, the leading independent source for games and in-game currencies. It also offers Codapay, which allows publishers of digital content to accept the same range of 300+ payment methods available on Codashop on their own websites, and xShop, which allows publishers to distribute their products through a range of e-commerce and other consumer-facing platforms.
Insight Partners is a global software investor partnering with high-growth technology, software, and Internet startup and ScaleUp companies. The closing of the firm's recent fundraise, Fund XII, brings Insight Partners’ regulatory assets under management to over $90 billion.
The Willkie team was led by partner Matthew Guercio and included associates Tai Fukumoto and Matthew Williams, and law clerk Ryan Chambers.
